EBA CRDIV and COREP/FINREP

EBA CRDIV and COREP/FINREP
Harmonization for Europe
Andreas Weller, Head of IT EBA
CRDIV
The CRDIV Implementing Technical Standards will significantly
change the XBRL landscape in the banking sector, across
the EEA, on the 1st Jan 2014
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CRDIV
 Implementing Basel III Europe: CRD IV
package
 The overarching goal of the so-called
Basel III agreement and its
implementing act in Europe, the socalled CRD IV package, is to strengthen
the resilience of the EU banking sector
so it would be better placed to absorb
economic shocks while ensuring that
banks continue to finance economic
activity and growth.
 18th floor
 Legislation and corrigendum
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ITS
Implementing technical standards
 The text of the ITS
 The Data Point Model
 And what we have more:
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A network of national experts
Taxonomy COREP and FINREP
Version 2.0.0
Eurofiling
EIOPA Solvency II
The NSA’s
 18th and 20th floor
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Taxonomy COREP and FINREP
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Taxonomy COREP and FINREP
The taxonomy defines a representation for data collection under the reporting
requirements related to:
- own funds
- financial information
- losses stemming from lending collateralised by immovable property
- large exposures
- leverage ratio
- liquidity ratios
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Taxonomy COREP and FINREP
Although primarily developed for use in data transmission between competent
authorities and the EBA, many authorities are known to intend to use the
proposed XBRL taxonomy for the collection of supervisory reporting from the
credit institutions and investment firms they supervise.
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The conception phase is over
The work in EBA will move now down to the 9th floor
The phase of the load will start.
We expect to receive now:
- Harmonized EEA Data
- Quality EEA Data
- Consistent EEA Data
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The LOAD phase is starting
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Where is the complexity in reporting
Is it the uncertainty of what needs to be delivered?
Is it the ITS and the complexity of data?
Where can XBRL help
And where can the ITS package help you.
Has EBA deployed too many features and
stressed the tools to the maximum?
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Accept the challenge
NSA’s, Software vendors, Consultancy companies, Credit Institutions,…. on the load.
Maximise your return of invest with reuse of XBRL data and definitions which are
given to the market with COREP and FINREP.
New regulations will come and behind will be DPM and XBRL.
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To move forward and be on the save side for the
load
a) Have a clear and accurate interpretation of European Banking Authority (EBA)
data definitions in the ITS.
b) Understand technical points and complexities of Data Point Model versus
individual reporting.
c) Addressing data management issues by designing business processes to handle
increases in data volume and complexity.
d) Creating robust validation rules to deliver the requested data quality.
e) Enable vendor management to produce final outputs from source IT systems in
XBRL.
f) Understand IT infrastructure limitations to handle future changes to EBA .
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Tower 42 is higher as the XBRL Tower in London.
42 Levels compared to 8 levels.
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EUROPEAN BANKING AUTHORITY
Tower 42, 25 Old Broad Street
London EC2N 1HQ
Tel: +44 2073821770
Fax: +44 207382177-1/2
E-mail: [email protected]
http://www.eba.europa.eu